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Baoshan Iron & Steel Co Ltd (600019.SS)

600019.SS on Shanghai Stock Exchange

6.75CNY
4:29am BST
Change (% chg)

¥0.09 (+1.35%)
Prev Close
¥6.66
Open
¥6.69
Day's High
¥6.76
Day's Low
¥6.67
Volume
28,279,771
Avg. Vol
59,738,421
52-wk High
¥9.23
52-wk Low
¥6.30

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Thu, Apr 25 2019

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China's Baosteel posts first quarterly profit drop since 2015, cuts revenue outlook

BEIJING China's Baoshan Iron and Steel Co Ltd posted a 46 percent fall in net income in the first quarter from a year ago, its first drop in profit since 2015, and said it expects lower revenue in 2019 citing China's sluggish auto industry.

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UPDATE 1-China's Baosteel posts first quarterly profit drop since 2015, cuts revenue outlook

* Expects 2019 revenue 273.1 bln yuan vs 304.78 bln yuan in 2018

China's Baosteel posts first quarterly profit drop since 2015

BEIJING, April 24 China's Baoshan Iron and Steel Co Ltd (Baosteel) posted a net 45.7 percent drop in profit in the first quarter from a year ago, its first negative growth since 2015, as higher raw material prices and weak auto demand crimped profitability.

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